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Home Business Money

Digital money forces international’s biggest cash-printer maker to locate new biz

Jana Simmons by Jana Simmons
June 19, 2023
in Money
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Digital money forces international’s biggest cash-printer maker to locate new biz

Germany’s Koenig & Bauer AG, the market leader for machines that print our banknotes, is challenged through e-commerce, cellular payments, and digital currencies. The 201 12 months-old enterprise’s answer is to push into markets which include printing on Coke cans.

“Here we’re attacking the previous monopolist”, Chief Financial Officer Mathias Daehn said in an interview at the company headquarters in Wuerzburg, relating to Stolle Machinery, a unit of Japan’s Toyo Seikan Group Holdings Ltd, while choosing a lidless Coke can from his windowsill.

Koenig & Bauer dominates the marketplace for printing on three-piece meals cans. Still, the extra sophisticated printing of two-piece packing containers for beer and Coca-Cola is mainly in the fingers of Stolle, Daehn says.

Digital money forces international's biggest cash-printer maker to locate new biz 1

While the worldwide market for 2-piece can printing is set 600 to 800 lines printing around a thousand million cans according to day, Koenig & Bauer lately bagged customers checking out its machines considering the beginning of the 12 months. In addition to high output, the devices allow for a “drastic” discount in changeover times, Daehn stated.

Jana Simmons

Jana Simmons

Web expert. Reader. Travel advocate. Total problem solver. Bacon scholar. Introvert. Food ninja. Writer. Internet trailblazer. Spent 2001-2007 consulting about action figures for fun and profit. Earned praised for my work training karma in Naples, FL. A real dynamo when it comes to managing carp in Fort Lauderdale, FL. Set new standards for supervising the production of basketballs in Miami, FL. Spent the 80's working with human hair in Deltona, FL. Earned praise for importing cabbage with no outside help.

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